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Cook County Property Tax Delays Hit Evanston Schools
Delays cost taxpayers nearly $122 million across the county, with Chicago Public Schools paying $62.2 million to borrow funds.
Jan. 29, 2026 at 1:23pm
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Cook County school superintendents have reported that significant delays in property tax collections have cost taxpayers nearly $122 million, with Chicago Public Schools alone paying $62.2 million to borrow funds until the delayed property taxes arrived.
Why it matters
The property tax delays have had a major financial impact on school districts in Cook County, forcing them to take on debt and incur additional costs that ultimately get passed on to taxpayers. This highlights the importance of timely property tax collections to ensure schools have the resources they need to operate effectively.
The details
The property tax delays have forced school districts across Cook County to borrow funds to cover their budgets until the delayed tax revenue arrived. Superintendents report that the total cost to taxpayers from these borrowing expenses reached nearly $122 million, with Chicago Public Schools accounting for $62.2 million of that total.
- The property tax delays occurred in 2026.
The players
Cook County School Superintendents
The superintendents of school districts across Cook County, Illinois who have reported the significant financial impact of the property tax delays.
Chicago Public Schools
The largest school district in Cook County, which paid $62.2 million to borrow funds due to the property tax delays.
What they’re saying
“All told, Cook County school superintendents said the delays cost taxpayers nearly $122 million.”
— Cook County School Superintendents
The takeaway
The significant financial burden placed on school districts due to the property tax delays in Cook County highlights the critical importance of timely tax collection to ensure schools have the resources they need to effectively serve students and communities.
